MKT Advisors LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

MKT Advisors LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 28.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,188 shares of the technology company’s stock after purchasing an additional 263 shares during the period. MKT Advisors LLC’s holdings in International Business Machines were worth $267,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Edge Advisors LLC lifted its holdings in shares of International Business Machines by 106.8% in the 4th quarter. Park Edge Advisors LLC now owns 4,865 shares of the technology company’s stock valued at $1,069,000 after purchasing an additional 2,512 shares during the last quarter. Duncan Williams Asset Management LLC lifted its holdings in shares of International Business Machines by 168.4% in the 4th quarter. Duncan Williams Asset Management LLC now owns 2,845 shares of the technology company’s stock valued at $625,000 after purchasing an additional 1,785 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of International Business Machines by 2.9% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 14,148 shares of the technology company’s stock valued at $3,110,000 after purchasing an additional 405 shares during the last quarter. Anderson Hoagland & Co. lifted its holdings in shares of International Business Machines by 98.9% in the 4th quarter. Anderson Hoagland & Co. now owns 35,640 shares of the technology company’s stock valued at $8,012,000 after purchasing an additional 17,721 shares during the last quarter. Finally, Patton Albertson Miller Group LLC lifted its holdings in shares of International Business Machines by 0.8% in the 4th quarter. Patton Albertson Miller Group LLC now owns 26,551 shares of the technology company’s stock valued at $5,837,000 after purchasing an additional 214 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group upped their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $220.73.

International Business Machines Stock Performance

NYSE IBM opened at $224.69 on Friday. The stock has a market capitalization of $207.75 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The business’s 50 day moving average is $224.33 and its two-hundred day moving average is $212.32. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 EPS. Research analysts expect that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.